Meta shares fall as frustration grows over AI spending plans

Mark Zuckerberg said Meta intends to sell for the first time AI tools to other companies

Meta Gives Lackluster Quarterly Sales Forecast

Meta Platforms Inc. gave a disappointing revenue forecast for the current quarter, intensifying investor concerns about the social media giant’s spending on artificial intelligence. Bloomberg News Big Tech Team Leader Kurt Wagner says as long as Meta is making money and the core business is going, they can get away with aggressive AI spending on data centers. He argues, however, that the minute worry sets in of a potential slowdown on its core advertising business investors start to question ...

Microsoft Increases Spending on A.I. as Profit Jumps 31.6%

Like other big technology companies, Microsoft is hoping its aggressive spending on artificial intelligence is starting to translate into revenue.

By Emmy Martin

Microsoft’s cloud business boosts sales as AI investment climbs to $41bn

Revenue in the tech group’s intelligent cloud segment surges 32% to $39.3bn

Meta misses earnings forecasts after Zuckerberg media push to promote AI

Stock tumbles nearly 8% after weaker-than-expected results, despite CEO’s blitz to tout positive effects of AI Meta chief executive Mark Zuckerberg’s media spree touting the positive impacts of artificial intelligence did little to cushion the blow of its second-quarter earnings, which sent its stock tumbling on Wednesday. In a Wall Street Journal op-ed published on Tuesday, Zuckerberg expressed his optimism for a world where everyone has access to a super-intelligent machine. Continue readi...

By Johana Bhuiyan

What a divided Fed means for investors

Wall Street has a clear takeaway from this week's Federal Reserve decision: A hike is likely on the horizon.

Stocks and bonds see wild ‘Fed Day’ swings as Wall Street’s ‘crash cushion’ evaporates

Major equity indexes put in their worst “Fed Day” performance since December 2024, while the yield on the 30-year bond shot higher.

By Joseph Adinolfi

Mark Zuckerberg's 'AI is great, really' PR campaign is in full swing. Here's a better idea.

Meta CEO Mark Zuckerberg wants people to think about AI's upside, and ignore the haters. Bloomberg/Getty Images Mark Zuckerberg is doing a big AI PR push. That includes a new ad, op-eds and interviews for old media outlets, and a Wall Street pep talk. It's unclear if any of that will move the needle. Why not try cold, hard cash? Many Americans are very concerned about AI. Can Mark Zuckerberg change their minds? That is what the Meta CEO is trying to do, via a persuasion campaign: Last week,...

‘Fable’ May Be The Last Straw For Day One On Xbox Game Pass

Fable is Microsoft's biggest release in years, but will strain the concept of "day one on Xbox Game Pass," a strategy that is flagging in time.

By Paul Tassi, Senior Contributor

TotalEnergies (TTE) Posts A War-Driven Earnings Surge, But The Real Test Is What Happens To LNG Once It Fades

Meta Takes $2.4 Billion Charge for Legal Proceedings in Q2, Revenue Booms 28% to Over $60 Billion

Meta continues to post soaring revenue, but the Mark Zuckerberg-led company took a big hit in the second quarter of 2026 related to legal proceedings and layoffs. The company, the parent of Facebook and Instagram, said it took “$2.4 billion charges related to legal proceedings” in Q2. Meta’s bottom line also was dinged by $1.18 […]

By Todd Spangler

Why Microsoft is asking Google and Amazon for 'help' despite spending $190 billion on AI

Microsoft is spending a record $190 billion on AI infrastructure this year, yet it is still short on computing capacity. A Business Insider report says the company is now evaluating Amazon and Google for extra cloud capacity, after Amazon helped during GitHub outages. Inside Microsoft, CFO Amy Hood's compute pecking order puts Copilot first and Azure customers last, and executives say that message is hard to sell.

By TOI TECH DESK

Meta Stock Tanks In Jittery Market On Massive AI Investment, Mixed Q2

Meta shares plunged more than 8% in the after market as it said it plans to invest between $130 billion and $145 billion on AI this year. The parent of Facebook, Instagram and WhatsApp also missed Wall Street’s Q2 earnings per share forecast and anticipated softer than expected revenue in the current third quarter. Revenue […]

By Jillg366

Robinhood beats quarterly profit estimates as trading activity remains robust

Microsoft pops as Q4 results top estimates; Azure tops $100B in revenue

Intesa posts €5.5 bn first-half profit, ups outlook for year to over 10 bn

(ANSA) - ROME, JUL 29 - Intesa Sanpaolo posted a better-than-expected net profit of 5.55 billion euros for the first half of 2026, an increase of 6.5% with respect to the same period last year, and said it was upgrading its profit outlook for the year as a whole to over 10 billion euros. Italy's biggest bank said it made a profit of 2.8 billion euros in the second quarter, compared to 2.6 billion in the April-June period of 2025. CEO Carlo Messina expressed satisfaction at the results and he ...

By ANSA

MSFT Bounces After Revenue Beat On Cloud Strength, CapEx In Line

MSFT Bounces After Revenue Beat On Cloud Strength, CapEx In Line Microsoft walked into tonight's fiscal fourth-quarter earnings report carrying the most bearish positioning it has seen in more than a decade, and it does so on an afternoon when the Fed - now run by a chairman who has made a point of telling markets nothing - triggered significant volatility in stocks and bonds. The positioning data tells the story first. According to S3 Partners data reported by CNBC, roughly 92 ...

By Tyler Durden

Wall Street Races to Sell SpaceX-Linked Products as Stock Sinks

Wall Street is racing to roll out complex investment products tied to SpaceX shares that aim to shield buyers from future losses amid a sharp selloff following its market debut.

By Lu Wang